Practice Firm
Business simulation is simulation used for business training or analysis. It can be scenario-based or numeric-based.
Most business simulations are used for business acumen training and development. Learning objectives include: strategic thinking, financial analysis, market analysis, operations, teamwork and leadership.
The business gaming community seems lately to have adopted the term business simulation game instead of just gaming or just simulation. The word simulation is sometimes considered too mechanistic for educational purposes. Simulation also refers to activities where an optimum for some problem is searched for, while this is not usually the aim of an educational game. On the other hand, the word game can imply time wasting, not taking things too seriously and engaging in an exercise designed purely for fun. The concept of simulation gaming seems to offer the right combination and balance between the two. Simulation gaming is also the term that the educational gaming community has adopted.
Read more about Practice Firm: Games and Business Simulation Games, History, Scenario Simulations, Numeric Simulations, Types of Business Simulation Games, The Simulation Gaming Process, See Also, External Links
Famous quotes containing the words practice and/or firm:
“The mayor and Montaigne have always been two, with a very clear separation. For all of being a lawyer or a financier, we must not ignore the knavery there is in such callings. An honest man is not accountable for the vice or stupidity of his trade, and should not therefore refuse to practice it.”
—Michel de Montaigne (1533–1592)
“If a person goes to his job with a firm determination to give of himself the best of which he is capable, that job—no matter what it is—takes on dignity and importance.”
—Hortense Odlum (1892–?)